ua en ru

U.S. Presidential elections: Wall Street invests more money in Haley's campaign

U.S. Presidential elections: Wall Street invests more money in Haley's campaign Photo: U.S. Republican presidential candidate Nikki Haley (Getty Images)

Billionaires and Wall Street executives are financing Nikki Haley's campaign in the primary presidential elections for Republicans amid concerns about the potential return of Donald Trump to the White House, according to Bloomberg.

The Stand For America Fund, supporting Nikki Haley's candidacy for the U.S. presidency in the Republican primary and the main rival to Donald Trump, has attracted over $50 million from sponsors in the last six months of 2023. This is approximately $5 million more than the Make America Great Again fund, which supports Trump, raised during the same period.

According to reports citing their own sources, American businesses, including executives from Wall Street, are contributing funds to Haley's presidential campaign to counter Donald Trump's attempt to return to the White House.

It is stated that American billionaire businessman Ken Langone, a major donor to the U.S. Republican Party, and Reid Hoffman, co-founder of LinkedIn who sponsors Democrats, have also supported Haley amid concerns about the prospect of Trump's comeback in the presidential elections.

Continuous inflow of donor funds is crucial for Haley's campaign survival. The next major primaries will take place on February 24 in South Carolina, Haley's home state, where Trump leads in polls by approximately 30 percent.

Primary elections in the United States

Primaries are the initial elections in the United States where voters choose candidates for the presidency from a specific party. They are conducted in each state.

In the intra-party elections for Republicans in Iowa and New Hampshire, Donald Trump emerged victorious.

The incumbent American leader, Joe Biden, is considered the primary candidate for the Democrats.